United States Cellular Corporation Stock Forecast
Volatile ride for United States Cellular Corporation stock price on Friday moving between $33.75 and $37.42
(Updated on May 03, 2024)
The United States Cellular Corporation stock price fell by -8.48% on the last day (Friday, 3rd May 2024) from $37.26 to $34.10. During the last trading day the stock fluctuated 10.87% from a day low at $33.75 to a day high of $37.42. The price has fallen in 6 of the last 10 days and is down by -4.08% for this period. Volume has increased on the last day by 504 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 760 thousand shares were bought and sold for approximately $25.91 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.80% during the next 3 months and, with a 90% probability hold a price between $27.54 and $36.99 at the end of this 3-month period.
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USM Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 4.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The United States Cellular Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $36.23 and $35.74. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for United States Cellular Corporation stock
United States Cellular Corporation finds support from accumulated volume at $33.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.67 between high and low, or 10.87%. For the last week, the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (USM) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect United States Cellular Corporation to open at $35.09, and during the day (based on 14 day Average True Range), to move between $32.76 and $35.44, which gives a possible trading interval of +/-$1.34 (+/-3.94%) up or down from last closing price. If United States Cellular Corporation takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.48 (1.11%) than the support at $33.25 (2.49%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is United States Cellular Corporation stock A Buy?
United States Cellular Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.366 Sell Candidate Downgraded
Predicted Opening Price for United States Cellular Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $35.09 ( 2.90%) | $34.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.76 | 13.67 % | |
| R2 | 37.36 | 9.55 % | ||
| R1 | 36.49 | 7.01 % | ||
| Current price: | 34.10 | |||
| Support | S1 | 33.69 | -1.21 % | |
| S2 | 32.82 | -3.75 % | ||
| S3 | 31.42 | -7.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.72 | 22.35 % | |
| R2 | 34.83 | 2.14 % | ||
| R1 | 34.48 | 1.11 % | ||
| Current price | 34.10 | |||
| Support | S1 | 33.25 | -2.49% | |
| S2 | 33.15 | -2.79% | ||
| S3 | 32.96 | -3.34% |
USM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2013 | Jun 07, 2013 | Jun 25, 2013 | $5.75 | 17.18% |
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